I am beyond disappointed. I kept telling myself that that are...

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sailfish

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14/02/23

14:51

Post #: 66239587
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Originally posted by LordNigel ↑

all just thoughts but the admins are now the directors until their decision comes in
only thing on table is a re to loan facility as Tom halted the market on that..

worse case - liquidated and Tom walks away with a new job in one of the other bang sites (welcomed with open arms as he took from asx holders and put the bill on a creditor who wants it for them self ).. the way Tom/ board deliberately pushed SP down before last raising and then handed it to mates supports this.
based his previous dealings he does normally, guess here --eventually give something back to share holders -- in the form of slightly better then the last market price.(which is normally not much).

as a guess I'd say this will be our return.

a better case is Tom with friends saying "no way, adroit slipping my in last minute" gosh vote looking close, why risk it - buy for 30 days, and come out otherwise with a negotiated down loan rate and gates opening and we hi-five Tom and bangz -- probably by granting bang a number of shares (at same time giving them enough to defeat vote, dillution further what little asx investors put in... still with it running a while - 5 years or so, might start to see a profit enough to raise SP -- but what do they care - between wages and loan repayments it's a win for the board

you know things are bad when this is your better case scenario

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I am beyond disappointed.

I kept telling myself that that are just about to make huge money.

Even told some good friends about this stock and told them to get in, luckily they didn't listen to me.

Tom should face charges for not recommending the recent takeover bid. He would have known full well this was coming.

I'm losing faith in asx stocks, this isn't the first time I have had a stock go into voluntary administration.

Hopefully they will relist and we will get a new board that know what they are doing.

M8S Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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1 Great analysis

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